Underwood, IN
Population 1,140 · Indiana
About Underwood, IN
Underwood is a small community in Indiana with a population of 1,140 residents. The median household income is $61,818 per year, which is near the national average. The median age in Underwood is 26.9 years.
Housing in Underwood has a median home value of $181,300 and median monthly rent of $0. Of the 320 total housing units, the majority are owner-occupied, with 287 owner-occupied and 33 renter-occupied units.
The unemployment rate in Underwood is 4.1% and the poverty rate is 3.9%. 31.5% of residents hold a bachelor's degree or higher. The average commute time is 37.5 minutes.
Cost of Living in Underwood, IN
Compared to national averages, Underwood has a median household income of $61,818 (18% below the national median of $75,149). Home values average $181,300, which is 26% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Indiana, Underwood's income is 11% below the state average of $69,330, and home values are 11% above the state median of $163,409.
Why Live in Underwood, IN?
Underwood offers affordable housing with a median home value of $181,300, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a low poverty rate of 3.9%, better than the national average.
Potential considerations include median household income ($61,818) that falls below the national average. However, Underwood’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Underwood has a population of 1,140 with a median age of 26.9 years. Compare Underwood with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Underwood
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Cayuga | 1,135 | $52,393 | $81,000 | Compare |
| Monroeville | 1,145 | $54,222 | $109,600 | Compare |
| Poseyville | 1,131 | $70,455 | $131,500 | Compare |
| Markle | 1,154 | $54,000 | $131,500 | Compare |
| Wolcottville | 1,126 | $54,583 | $98,300 | Compare |
| Ladoga | 1,155 | $72,188 | $123,700 | Compare |
| Thorntown | 1,155 | $69,875 | $173,400 | Compare |
| Mexico | 1,122 | $82,695 | $106,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Underwood
What is the population of Underwood, IN?
The population of Underwood, IN is 1,140 according to the latest Census data.
What is the median household income in Underwood?
The median household income in Underwood, IN is $61,818 per year.
What is the median home value in Underwood?
The median home value in Underwood, IN is $181,300.
What is the average rent in Underwood?
The median monthly rent in Underwood, IN is $0.
What is the unemployment rate in Underwood?
The unemployment rate in Underwood, IN is 4.1%.